Netflix $72bn Warner offer: ‘I never saw it coming’ says co-founder Marc Randolph

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Co-founder of Netflix Marc Randolph Photo by George Pimentel/Getty Images Netflix’s former CEO and co-founder, Marc Randolph, said the $72bn bid by his former company last week for Warner Bros.’ film...

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I haven’t worked at Netflix for quite a few years, and Netflix continually surprises me.”Last Friday, Netflix dominated the headlines after it moved to acquire Warner Bros. Discovery’s TV and film studios and HBO Max streaming assets, following a bidding war with Paramount and Comcast.Netflix’s offer was $72bn in equity, but would total to $82bn with cash and stock.\n\nHowever, since that move, Paramount Skydance launched a hostile takeover bid for Warner Bros Discovery (WBD), throwing Netflix’s bid into uncertainty.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOn Monday, Paramount said its all-cash tender offer of $30 (£22.50) per share provides shareholders $18bn more than Netflix’s $27.75 per share offer. Paramount chief executive David Ellison, the son of Donald Trump’s friend Larry Ellison, said, “We believe our offer will create a stronger Hollywood.”Less Kombucha, more trust in workersMarc Randolph speaking at Abu Dhabi Finance Week “Obviously, this is a perfect time to talk about Netflix, because it’s a big week for Netflix,” Randolph told the audience in the UAE’s capital.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590237583","isCrawlerRequest":true}